Lynx Investment Advisory Invests $241,000 in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Lynx Investment Advisory bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 2nd quarter, HoldingsChannel reports. The fund bought 10,362 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edmonds Duncan Registered Investment Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 3.0% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 29,242 shares of the company’s stock worth $686,000 after purchasing an additional 838 shares during the last quarter. NBC Securities Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 12.3% in the fourth quarter. NBC Securities Inc. now owns 8,538 shares of the company’s stock valued at $199,000 after acquiring an additional 932 shares during the last quarter. Bogart Wealth LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 59.5% in the first quarter. Bogart Wealth LLC now owns 2,510 shares of the company’s stock valued at $59,000 after acquiring an additional 936 shares during the last quarter. Comerica Bank boosted its stake in SPDR Portfolio High Yield Bond ETF by 4.0% in the first quarter. Comerica Bank now owns 25,636 shares of the company’s stock valued at $601,000 after acquiring an additional 989 shares during the last quarter. Finally, Exchange Bank boosted its stake in SPDR Portfolio High Yield Bond ETF by 5.0% in the first quarter. Exchange Bank now owns 33,739 shares of the company’s stock valued at $792,000 after acquiring an additional 1,602 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY traded up $0.09 during midday trading on Tuesday, reaching $23.27. The company had a trading volume of 5,653,515 shares, compared to its average volume of 2,890,146. The stock has a market cap of $4.72 billion, a PE ratio of 3.97 and a beta of 0.34. SPDR Portfolio High Yield Bond ETF has a 12-month low of $21.80 and a 12-month high of $23.60. The business has a 50-day moving average price of $23.30 and a two-hundred day moving average price of $23.27.

About SPDR Portfolio High Yield Bond ETF

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.